Question: 7.1.00 points A T-bill with face value $10,000 and 87 days to maturity is selling at a bank discount ask yield of 3 496. a.

7.1.00 points A T-bill with face value $10,000 and 87 days

7.1.00 points A T-bill with face value $10,000 and 87 days to maturity is selling at a bank discount ask yield of 3 496. a. What is the price of the bill? (Use 360 days a year. Do not round intermediate calculations. Round your answer to 2 decimal places.) Price of the bill b. What is its bond equivalent yield? (Use 365 days a year. Do not round intermediate calculations. Round your answer to 2 decimal places.) Bond equivalent yield

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